AGENDA REPORT
DATE: October 27, 2025
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: CIP Budget Adjustment for Fiscal Year 2025-26
EXECUTIVE SUMMARY:
This CIP budget adjustment established a new project and provides funding for the MLK LED Lighting project for Ballfields 1 and 2.
The expense associated with the Energy Efficiency Light Emitting Diodes grant ($76,400) will be posted to the General Fund and the remainder will be charged to CRA Fund.
RECOMMENDATION:
That the City Commission adopt a resolution to approve an amendment to the Capital Improvement Budget for the fiscal year ending September 30, 2026, and the next four years.
FISCAL IMPACT:
Funding for this item is listed on the attached resolution.
Prepared by: Diane Reichard, Chief Financial Officer